Coforge Shares Jump 4% on Strong Q2 Results and Analyst Target Upgrades

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shares surged 4% after reporting robust September quarter results, with revenue up 4.5% QoQ to $462.1 million — outpacing Tier-I peers. The company secured $514 million in new deals for the fifth straight quarter, pushing its 12-month executable order book to a record $1.63 billion. Net profit rose 18.4% to ₹375.8 crore, while margins expanded 260 bps to 14%. Analysts lifted 12-month targets by ~7%, with IDBI Capital at ₹2,030 and Elara Capital at ₹2,010. The stock closed at ₹1,830.3.